Graphic designer held for theft of Rs 6.8 lakh valuables from house in Thane
A woman residing in the house was awakened by the sound of a cat that had entered her house. Upon checking, she found her bedroom cupboard was ransacked and a bag containing 77 gm of gold jewellery and Rs 9,000 in cash was missing.
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The Print
14 minutes ago
- The Print
Telangana pharma plant explosion: 12 killed, 34 injured, says state Minister
Labour Minister G Vivek Venkatswamy said: 'Eight people died in the morning. Now, four bodies were found.' Both the ministers visited the site. 'As many as 12 people died and 34 people are under treatment. We are hopeful that there would be no more (deaths),' the health minister told reporters. Sangareddy (Telangana), Jun 30 (PTI) At least 12 people died and 34 persons were injured in a pharma plant explosion in this district on Monday, Telangana Minister Damodara Raja Narasimha said. The explosion took place at a reactor in the plant of Sigachi pharma company in the Pashamylaram industrial estate due to the suspected chemical reaction where fire also broke out. Earlier, Inspector General of Police (Multizone) V Satyanarayana, quoting factory sources, said there were 150 people in the factory at the time of the blast. Ninety persons were in the same area where the explosion occurred. He said the explosion occurred between 9.28 am and 9.35 am. The management immediately reached out to the local police who in turn alerted the fire department. About ten fire fighting engines were pressed into service, he further said, adding the personnel of NDRF and SDRF were also engaged in the rescue operation. The fire was brought under control, he added. Asked how many workers were working at the time of the tragedy, he said effort was on to ascertain the exact figure as the person who maintains record of the workers' details is believed to have died. PM Modi expressed grief over the fire tragedy and conveyed condolences to those who lost their loved ones in the incident. He wished an early recovery to the injured. In a post on 'X', he announced an ex-gratia of Rs 2 lakh from the Prime Minister's National Relief Fund for the next of kin of the deceased and Rs 50,000 for the injured. Chief Minister A Revanth Reddy expressed anguish over the incident and directed officials to take all steps to save the trapped workers and provide them advanced medical care, an official release said. Sigachi Industries Limited is a pharmaceutical company dedicated to pioneering advancements in Active Pharmaceutical Ingredients (APIs), Intermediates, Excipients, vitamin-mineral blends, and Operations and Management (O&M) services, according to the company's website. There was no immediate reaction from the company. PTI SJR GDK SA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
17 minutes ago
- Time of India
Higher policy transmission likely as share of floating rate loans rises: RBI
The Reserve Bank of India (RBI) anticipates more effective monetary policy transmission due to the increasing share of floating rate loans, which reached 75.7% in March 2025. Increased inter-bank liquidity, through measures like open market operations and CRR reductions, further supports faster transmission to financial and credit markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kolkata: The monetary policy transmission for this round of rate cuts which started this February is likely to be more effective since the share of floating loans has been rising over the years, the Reserve Bank of India the central bank's decision to increase the availability of inter-bank liquidity is aimed at faster transmission of monetary policy to the financial and credit markets. The monetary policy maker already expressed hope that policy transmission would be better than previous share of floating rate loans in total gross advances of fourteen select mainstream banks, which account for around 80 per cent of the assets of scheduled commercial banks, has risen to 75.7% in March 2025 from 72% in March 2023, the central bank share of floating rate loans in the retail loan category rose to 65.1% from 60.2% during the same period. In the retail segment, 90% of the floating rate loans are linked to external benchmark linked rates in which transmission is almost central bank lowered the policy rate by a cumulative 100 basis points during the last three monetary policy meetings while market participants and economists are expecting more rate cuts this taking loans from public sector banks are likely to benefit more since 80.9% of the overall advances by these banks are floating loan rate as compared to private banks' 67.5%. Within the public sector domain, 93% of the agriculture sector loans are on floating rate basis while the ratio for private banks is just about 54.5%.The RBI injected durable liquidity amounting to about Rs 9.5 lakh crore through a series of liquidity measures including open market operation purchases, buy-sell swaps and term variable rate repos since January 2025, which led to system liquidity transitioning from deficit to surplus at end-March the decision to lower cash reserve ratio (CRR) by 100 bps in a phased manner will release Rs 2.5 lakh crore of primary liquidity starting September till December 2025."Cumulatively, these measures have not only turned durable liquidity into surplus but will also contribute to faster transmission of monetary policy to the financial and credit markets," the monetary policy authority said in the report.
United News of India
23 minutes ago
- United News of India
OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE OF 35,00,00,000, PARTLY PAID-UP EQUITY SHARES AGGREGATING TO RS. 350.00 Crores
Press Releases » PNN SEPC Limited's ₹350 crore rights issue closes oversubscribed, signaling robust investor trust. Chennai (Tamil Nadu) [India], June 28: SEPC Limited today announced that it has achieved successful closure of Rights Issue of 74,35,19,173 (Seventy Four Crores Thirty-Five Lakhs Nineteen Thousands One Hundred & Seventy-Three ) Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to the eligible equity shareholders of our Company closed successfully on June 23, 2025. The Payment Schedule for the issue is as follows: Amount Payable per Rights Equity Share i.e. Issue Price Face value (₹) Premium (₹) Total On Application 5.00 Nil 5.00 On First and Call (as determined by our Board in consultation with Rights Issue Committee) 5.00 Nil 5.00 The Rights issue was oversubscribed by 2.12 times. SEPC Limited, is one of the leading EPC player in Water and Municipal Services, Roads, Industrial, and Mining sectors, announced today the successful closure of the issue of 74,35,19,173 (Seventy-Four Crores Thirty-Five Lakhs Nineteen Thousand One Hundred & Seventy-Three) partly paid−up Equity Shares (including a share premium of ₹ nil per share) (the 'issue price') on rights basis to the eligible equity shareholders (the 'Rights Issue') which was launched on June 09, 2025. The issue resulted into subscription of 74,35,19,173 shares resulting into oversubscription by 2.12 times. The issue period was from June 09, 2025, to June 23, 2025. The issue size was 35,00,00,000 (Thirty-Five Crores) partly paid-up Equity Shares aggregating to Rs. 350 Cr. having issue price of Rs. 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to its eligible equity shareholders in the ratio of 11 (Eleven) Rights Equity Share for every 50 (Fifty) fully paid-up Equity Shares held as on record date i.e. May 23, 2025. The payment schedule for this issue being partly paid up will be 50% i.e. ₹ 5/- (per share) payable with the Application and balance 50% will be payable on First and Final call. Funding for Payment of Non-Convertible Debentures including redemption and interest. Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company. Funding for increasing the additional Margin of Non- Fund Based Limits. To augment the existing and incremental working capital requirement of our Company. General Corporate Purpose The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27th June, 2025 and Tuesday, July 08, 2025 respectively. Commenting on the success of the Rights Issue, Shri Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, 'I express my sincere thanks to our dear and esteemed shareholders for participating in this Rights Issue and making it a new and proud landmark in the history of India's capital market. Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently spurred us to achieve more. We are delighted and humbled by their extraordinary show of confidence in the future of SEPC. If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
